However, U2 was the highest-grossing rock act last year selling 1.29m tickets worth £66m for 76 concerts.

Also on the list is Adele, Britain’s richest ever female musician. She has benefited from the worldwide success of her long-awaited third album, 25, released last November. The London-born singer/songwriter is now hard on the heels of Ireland’s wealthiest female performer, Enya, who is worth £91m, up just £1m on 2015.

The 2016 Sunday Times Music Rich List is headed by Sir Paul McCartney, who with his wife Nancy Shevell, shares a joint fortune of £760m, up £30m on last year. American-born Shevell has a £150m stake in her father’s New England Motor Freight trucking operation.

Calvin Harris, the Dumfries-born international DJ, who writes, sings, records, remixes and produces his own music, has seen his personal wealth leap by £25m in a year to rank him at 27 in the 2016 Top 50, worth £95m.

David Bowie’s widow and his filmmaker son by his first marriage to Angie, Iman Abdulmajid and Duncan Jones, join this year’s list with a joint family fortune of £90m, based on the £70m from Bowie’s will, their own wealth and royalties from the chart success of Bowie’s music after his death.